Nigeria Expands Local Refining With Four Modular Refineries, New Licenses   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday gave an update on Nigeria’s local refining capacity, saying there is an expansion with the issuance of nine Licenses to Establish (LTEs), seven Licenses to...

CBN Revokes Licenses Of 7 Payment Service Providers         The Central Bank of Nigeria (CBN) has revoked the license of seven payment service providers since December 4, 2020. The agencies include Easifuel Limited, Transaction Processing System (TPS), Grand Towers Limited, and Paymastwer Limited. The rest are E-Revenue Gateway...

Fed Govt Suspends Issuance Of Licenses For Free Trade Zones         The Federal Government has suspended the issuance of licenses for the operation of Free Trade Zones across the country. Minister of Industry, Trade and Investment, Adeniyi Adebayo, announced the suspension on Monday at the inauguration of...

NCC Licenses Ten New VAS Operators As Market Hits $200m   Operations of the Value Added Service (VAS) providers were enlarged in 2019, following the licensing of 10 new aggregators by the Nigerian Communications Commission (NCC). The NCC in a document said the 10 new additions...

Financial Inclusion: 15 Mobile Money Operators Gets CBN's Licenses   The Central Bank of Nigeria has issued licences to 15 mobile money operators as part of its drive towards increasing financial inclusion. To further address the observed absence of a widespread agent network, and concentration of agents...

FG Renews 25 Oil Block Licenses, Earns $1 Billion   Nigeria has renewed 25 oil block licenses with a total earning of $1 billion in the last one year. Data made available to Daily Trust yesterday by the regulatory agency - Department of Petroleum Resources (DPR) -...